Essentials - A Focus on IFRS 9 Financial Instruments (Virtual Classroom)

IASeminars

Course

Online

£ 495 VAT inc.

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Description

  • Type

    Course

  • Level

    Intermediate

  • Methodology

    Online

  • Class hours

    4h

  • Duration

    1 Day

  • Virtual classes

    Yes

IFRS 9 has a logical, principles-based approach to the measurement of financial assets based on the business model and nature of cash flows. The forward-looking impairment model requires timely recognition, and ongoing assessment of credit losses. The hedge accounting requirements are principles based and aligned to common risk management practices.

This course provides an overview of the key requirements of IFRS 9 in a practical and interactive way. In addition, it covers the impact of COVID-19 on IFRS 9 application and the IASB guidance in relation to the interest rate benchmark reforms.

The course is designed to help preparers and users of financial statements to evaluate the impact of IFRS 9 on the financial statements.

About this course

- Apply the principles for classification and measurement of financial assets and financial liabilities, including derivatives and embedded derivatives in IFRS 9
- Apply the expected credit loss impairment model for financial assets
- Obtain an overview of hedge accounting and analyse the requirements in IFRS 9
- Review the impact of COVID-19 on applying IFRS 9
- Update participants on the interest rate benchmark reforms

Financial and management accountants in corporate and financial institutions
Staff in treasury, operations, risk management, IT or compliance departments
Internal and external auditors of entities reporting under IFRS
Staff and management of Central Banks, Deposit Insurance Entities, and other agencies with regulatory responsibility in the financial services sector
Financial analysts seeking to improve their understanding of the accounting related to financial instruments
Professors and other instructors with educational facilities
First-time adopters of IFRS, seeking to analyse the implications of adopting IFRS 9 initially for accounting for their financial instruments

Basic understanding of accounting under IFRS or any national standards. No advance preparation is required for this course.

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Reviews

Subjects

  • Financial
  • IFRS
  • Risk
  • Financial Training
  • IT risk
  • Accounting and Finance
  • Accountants
  • Financial Accounting
  • Financial Management
  • Finance Economics

Teachers and trainers (1)

Instructor TBC

Instructor TBC

Instructor

Course programme

· Introduction

o Overview of IFRS 9

· Classification and measurement of financial assets and financial liabilities

o IFRS 9 Classification: amortised cost, fair value through other comprehensive income and fair value through profit or loss

Business Model criteria

Solely Payments of Principal and Interest (SPPI)

o Fair value option

o Fair value movements due to own credit risk in financial liabilities at fair value through profit or loss

o Accounting for derivatives and embedded derivatives

· Impairment of financial assets

o Introduction to IFRS 9 expected credit loss model – background, scope and impact

o Application of IFRS 9 expected credit loss model

12-month and lifetime expected credit losses

Staging of financial assets

Determing of significant increases in credit risk

Measuring expected credit losses

Modified financial assets

Simplification and practical expedients

Purchase/origination of credit-impaired financial assets

Loan commitments and financial guarantee contracts

· Hedge accounting

o Overview of hedging and accounting for three types of hedges – fair value, cash flow and net investment hedge

o IFRS 9 hedge accounting model

Hedged items

Hedging instruments

Qualifying criteria

Hedge documentation

Hedge effectiveness requirements

Rebalancing

Discontinuation

· Updates

o Impact of COVID-19 on IFRS 9

o Interest rate benchmark reform

See related categories

Essentials - A Focus on IFRS 9 Financial Instruments (Virtual Classroom)

£ 495 VAT inc.

The best Other Accounting courses

See all

See all